K155MY4R53

Long-Term Decision Point

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
I'm not going to make a call either way on this one but we should be able to clearly see the choice that is made within the next few days. The price has returned to that orange resistance trendline that forced it out of its purple channel late last year. On the RSI , we can see that the orange resistance trendline is potentially going to be broken. Failing that, a bearish divergence would be produced and it might be some time before the price attempts to break this trendline again. On the other hand, if the bullish scenario happens, we could see some seriously bull action in the medium to long-term.
for me it's a bullish up to 330$.. we will see.. :-)
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linear charts rulez! =)
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